Those who advocate hodling, when do you cash out?
Of course, you will just hold until the price went goes up and study the market movement so that you will be able to know if the investment that you've made was good or not. Doing your own research on the movement of the market will really give you a huge help because at that time you will know when it will dump. A real investor knows when to sell and when to hold their assets and another thing is that always remember that don't be greedy because there are a lot of persons who are getting greedy over and over and ending up losing their whole assets. |
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Bitcoin is a digital currency or a cryptocurrency and not just represents new human civilization but also represents freedom for the people because through the help of Bitcoin and other cryptocurrencies people are having a cashless transaction and also free transactions without knowing by the government and not paying taxes anymore. The thing that you are talking about new human civilization is where the teens and the younger ones are the ones who are more appropriate in Bitcoin because they are the one who is striving hard to do their own researches in order to know what bitcoin is about.
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Let's understand first what Bitcoin and cryptocurrency are before saying that it is a safe-haven asset because Cryptocurrency like bitcoin is volatile, meaning it may dump anytime so there is no safe haven here. Bitcoin is really a good investment in my own opinion but you must learn first on how the bitcoin works in which you must need to understand why the bitcoin is pumping up and dumping down so that you will be able to have the enough knowledge and understand how it really works.
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Emotional control is hard to handle, it was really bothersome, especially, if you put every penny you have on BTC and haven't spare for your daily expenses.
Imagine, you can rest your eyes to see the price on the market every hour or even every minute, your heart almost crash.
A piece of advice which I quoted from other "Set your target price , then withdraw your BTC"
The number 1 rule here is that you just need to handle your emotions first in order for you to be more productive and don't let your emotions interfere with the things that you are working on because once your emotion interferes with your work, trust me that you will not be able to work well anymore just like on trading and bitcoin if you are seeing that the market and the coin that you've been invested in is currently dumping then that's the time that emotion is controlling you. |
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Let us face the reality that there is really a person who is born with a poor, rich, or in a middle-class family and the thing is that those who born by a poor family needs to strive hard in order for him to be rich and be successful someday unlike those who are rich people they just need to follow the steps of their parents in order to be richer than their parents or even surpass it. That must be the mentality of each person in order to succeed in life.
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I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.
The fact that I can’t buy this dip just makes me extremely uncomfortable.
It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.
I guess this is the part where I wait.
Same feeling here mate, I am not feeling well if I can't buy cryptocurrency especially during this times that the market is in a dip situation because by just thinking that it is really good to buy and hold right now and thinking about the profit that may get today is really uncomfortable. But just relax because there will be still a good time for us to buy maybe not now but our time will comes and we will be able to make our own profit by our own decisions and money. |
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To be honest I don't think that there are still a bitcoin or Cryptocurrency miner who doesn't sold their bitcoin until now because as we can see the price of the bitcoin way before long ago, it is just a literally coin that has a low value and there are so many chances that they will be able yo sell it higher on the past few years when the market gets bull run so it is really impossible dor a miner who has a diamond hands until now.
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It's really impossible for bitcoin to be gone just like a bubble because as far what I am seeing is that it is almost 11 years since the bitcoin was made or created and though the people don't know who is the real founder of bitcoin yet it is still in the top of the cryptocurrency and the market cap. Imagine that a thing that didn't know the real identity of its creator is still functioning until today. This meaning bitcoin will never be gone until forever.
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I think it is not appropriate if we will just follow what Elon Musk is saying just, for example, if he is tweeting about animal coin again just like what he was doing on the dogecoin then probably the first thing we need to do is not to follow him because he is an indicator of the market price and it is not necessary for us to depend on him because all of us has our own decisions on what we will do on our money.
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Cannabis is legal in some country and we all know that using cannabis is already accepted in some countries all over the world and also in Las Vegas (Nevada) so there's nothing wrong if some casinos in Vegas will also allow using cannabis inside the lounges of the casinos as long as it is legal over the government. But the thing is that they may need to limit the amount of dosage every person that is using cannabis inside the casino to lessen the dangerous effect of it.
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In Bangladesh, still media spread wrong info on cryptocurrency. It’s still illegal here. As a member of the forum, I feel the necessity of doing something by any means to be honest.
So, I was planning of creating a petition on change.org including all the right info and share this among everyone. Would it really make any difference? Will it be able to get the attention of the government? What do you think?
Little mouse is quite famous here in this forum and as a Cryptocurrency follower and user, it is really hard for you to do something that may build a good image into cryptocurrency. Cryptocurrency is still illegal in some areas of the world and as well as in your country which is Bangladesh. It is really hard for you to make a good move that will help the image of cryptocurrency become better and may help it to become legal in your country. I'm just wishing for the growth of cryptocurrency in your country. |
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You can take risk with your life, you can take risk with your computer. But nobody would tell you to take risk with them, but they all tell you to take money risk because why? Because MONEY is the riskiest of all risk!! They tell you to take the riskiest gambling with your life. After you take MONEY risk, you are gambling with your life and death, you loss the money the future await you is hell and death! Never go full retard!! You can take any risk but never take risk with your MONEY!! Fuck all the people who tell you to take money risk.  I think taking risks in my life is more worthy than taking risks in money. Why? Simply because life is a one-time ride only in which if you risk your life and you died no one will be able to back again. Money can back anytime you want you can find a job and earn money or back your money again but life cannot be back again. Money is also the riskiest aside from life because when you gamble money and you lose it is very hard to know where you will find the money that you lost on gambling. We must remember that what we are gambling is the extra money that we have just always that golden rule. |
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Why would banks want to work with a decentralized system? Wait, more importantly, why would we want decentralized currency to work with the banks? Banks are centralized institution controlled by the government. If banks starts working with bitcoin, and you join them, then you will no longer have the "power of decentralization". People like bitcoin because they can send it instantly from one place to another without any third-party interference and according to their own will. That won't be possible if you do it through banks. Moreover, the bitcoins will be no longer yours since you won't own the keys. Banks will be the owner of the coins and you may lose your access to the coins anytime.
That's right! Banks are centralized wherein it is supported by the government while Bitcoin or cryptocurrency are not supported by many banks and if cryptocurrency works with the bank then probably cryptocurrency will become centralized also and the so-called decentralized cryptocurrency will be no more. Banks are using 3rd party interference and that's also another factor why people are having fun and enjoying using bitcoin because by just using addresses they can transfer funds anytime they want. |
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Because they don't understand how it works. Because they are afraid of everything new. Because they secretly invest in bitcoin themselves. That's my opinion.
I don't agree with your opinion though it is your own point of view. Millionaires are not afraid of new investments because as they know that it makes them richer than their own economic status. Millionaires will try everything that may help them to increase their wealth although it is new. Money is the first thing that they are focusing so meaning they will try to understand and study how cryptocurrency works in order for them to invest big. |
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Besides from today is the right time, I will probably say that today is the perfect time to take a good look at those cryptocurrencies like BTC, ETH, BNB, and LTC. Those coins are in a dump situation right now and this is the perfect time to buy those coins in order to make a profit. The market is in a very bad situation and we can take advantage of this red market to buy good and profitable coins. Good luck on buying coins brother!
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To be honest it is really hard to decide whether you will still HODL or sell whenever you are making a decision especially when it is in a dump or may I say that there are no accurate decisions that have been made when you will HODL or sell it. The thing you need to do is to read the market especially when how many is the percentage that the market dumps, if it dumps for about 20% in a day then probably it is very dipping you need to hold it in order to not gain heavy loss.
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Bitcoin killing central banks? Impossible because in the very first place as we all know that the purpose of bitcoin is not to kill the central banks so obviously, it will not kill the central banks. Another thing is that central banks are one of the exchanges wherein we can deposit and withdraw our money and the banks that are issued in each country are trusted by the local government so it is impossible for the bitcoin to do such a thing just like killing the central banks itself.
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Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody  Remember, 1 BTC is still 1 BTC! Look the Bitcoin right now, the bitcoin is surging up again and doing great after the dump of the market but I think it is just a high swing for now and Bitcoin will dump again after some weeks or days probably. Just like what you've been said mate, what we need today is a diamond hand and HODL for long so we will not be able to suffer a huge loss. Just remember that having a diamond hand is better for those who are weak hands that will immediately sell when they saw that the market is dumping. |
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As far as what I am seeing every time he is tweeting about cryptocurrency and his diamond hands, the market is having a difficult situation and that's why I am agreeing in this thread that Elon Musk has really the ability to manipulate the market but on the thing that manipulating the bitcoin market? I doubt it because there are so many big whales in cryptocurrency wherein he can not easily make the market dumps.
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The first thing that comes to my mind when it is talking about cashless is the pros and cons of it in which there are really a lot of pros and cons that may list here, just for example The pros that may include is that having a cashless transaction will prevent the spreading of virus and another thing is that it is more comfortable for us when it is cashless because we don't need to bring money anymore but the cons here is that those who are not yet knowledgeable on cashless transactions just like for example those people who are aging around 50's and 60's they are not aware on cashless and it would be hard for them to adopt it.
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